Nairametrics reported that at the group level, personnel expenses similarly dropped by N192.29 billion, or 31.6 per cent, from N608.55 billion in 2024 to N416.26 billion last year. Despite the significant reduction in annual personnel expenses, the CBN’s employee benefit obligations rose sharply during the year. The CBN explained that currency issue expenses comprised costs associated with the printing, processing, distribution and disposal of currency notes. At the group level, currency issue expenses rose by 94.5 per cent to N464.13 billion from N238.65 billion in the previous year. This meant that the Bank spent N176.45 billion more on currency issuance than its entire N402.76 billion personnel bill during the year.